2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $30-$48k
It’s not easy to decide which college to attend when there so many options available for students. At College Factual, we’re committed to helping you make that decision by providing information such as that found in our “Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $30-$48k” ranking.
Economics is the 18th most popular major in the country with 48,831 degrees awarded in 2019-2020. In 2017-2018, economics graduates who were awarded their degree in 2015-2017, earned an average of $47,295 and had an average of $21,978 in loans still to pay off.
Across Maryland, there were 1,417 economics graduates with average earnings and debt of $53,757 and $22,018 respectively. At the bachelor’s degree level specifically, there were 1,051 economics graduates with average earnings and debt of $40,371 and $23,982 respectively.
This year’s “Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $30-$48k” ranking analyzed 14 colleges that offered a degree in economics. The schools that top this list are recognized because they have great economics programs and cost less that schools of similar quality.
Some of the factors we look at when determining these rankings are overall quality of the economics program at the school and the cost of the school after aid is awarded among other things. See our ranking methodology to learn more.
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Since the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $30-$48k” list, to help you choose the best school for you.
We’ve created a tool called College Combat that lets you create your own customized comparisons based on the factors that matter the most to you. Test it out by comparing your favorite schools against others you are considering, or bookmark the tool so you can experiment with it later.
Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $30-$48k
The following schools top our list of the Best Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $30-$48k.
Top 14 Best Value Bachelor’s Degree Colleges for Economics (Income $30-$48k) in Maryland
Out of the 14 schools in the Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $30-$48k that were part of this year’s ranking, Johns Hopkins University landed the #1 spot on the list. Located in Baltimore, Maryland, this large private not-for-profit school awarded 112 diplomas to qualified bachelors’s economics students in 2019-2020.
As a testament to the quality of education offered at Johns Hopkins, the school also landed the #1 spot in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. The estimated yearly cost for Johns Hopkins University is $8,210 for maryland bachelor’s degree economics students whose families make $30-$48k.
With a student-to-faculty ratio of 6 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed. The school has an excellent freshman retention rate of 97%, which means students like the school well enough to return for a second year. The student loan default rate at the school is 1.3%, which is quite low when compared to the national default rate of 10.1%.
Out of the 14 schools in the Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $30-$48k that were part of this year’s ranking, University of Maryland - College Park landed the #2 spot on the list. This large school is located in College Park, Maryland, and it awarded 465 bachelors’s economics degrees in 2019-2020.
UMCP not only placed well in this ranking. It is also #2 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. The estimated yearly cost for University of Maryland - College Park is $12,128 for maryland bachelor’s degree economics students whose families make $30-$48k.
The low student loan default rate of 2.4% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%. With a freshman retention rate of 95%, the school does an excellent job of retaining its students.
Read more about Economics at University of Maryland - College Park
You’ll be in good company if you decide to attend St Mary’s College of Maryland. It ranked #3 on our 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $30-$48k list. St Mary’s College of Maryland is a small public school situated in St. Mary’s City, Maryland. It awarded 27 bachelors’s economics degrees in 2019-2020.
SMCM not only placed well in this ranking. It is also #7 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. The estimated yearly cost for St Mary’s College of Maryland is $12,323 for maryland bachelor’s degree economics students whose families make $30-$48k.
The school has an impressive student loan default rate. It’s only 3.4%, which is much lower than the national rate of 10.1%. The impressive student-to-faculty ratio of 9 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
Out of the 14 schools in the Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $30-$48k that were part of this year’s ranking, Towson University landed the #4 spot on the list. Towson University is a large public school situated in Towson, Maryland. It awarded 89 bachelors’s economics degrees in 2019-2020.
Towson did well in our major quality rankings, too. It placed #5 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. It costs about $12,632 for maryland bachelor’s degree economics students whose families make $30-$48k per year to attend Towson University.
The school has an excellent freshman retention rate of 85%, which means students like the school well enough to return for a second year. The student loan default rate at the school is 3.8%, which is quite low when compared to the national default rate of 10.1%.
Out of the 14 schools in the Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $30-$48k that were part of this year’s ranking, University of Maryland - Baltimore County landed the #5 spot on the list. UMBC is a public institution located in Baltimore, Maryland. The school has a fairly large population, and it awarded 129 bachelors’s degrees in 2019-2020.
As a testament to the quality of education offered at UMBC, the school also landed the #4 spot in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. The yearly cost to attend UMBC is $12,605 for maryland bachelor’s degree economics students whose families make $30-$48k.
The school has an excellent freshman retention rate of 87%, which means students like the school well enough to return for a second year. The low student loan default rate of 4.3% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
Salisbury University landed the #6 spot on the 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $30-$48k ranking. Located in Salisbury, Maryland, this medium-sized public school handed out 22 diplomas to qualified bachelors’s economics students in 2019-2020.
Salisbury not only placed well in this ranking. It is also #6 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. The yearly cost to attend Salisbury University is $15,294 for maryland bachelor’s degree economics students whose families make $30-$48k.
The low student loan default rate of 3.5% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
Frostburg State University ranked #7 on this year’s Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $30-$48k list. Frostburg State is a small school located in Frostburg, Maryland that handed out 12 bachelors’s economics degrees in 2019-2020.
In addition to being on our maryland bachelor’s degree economics students whose families make $30-$48k list, Frostburg State has also earned the #12 rank in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. The estimated yearly cost for Frostburg State is $14,273 for maryland bachelor’s degree economics students whose families make $30-$48k.
Washington College did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $30-$48k ranking, coming in at #8. Located in Chestertown, Maryland, this small private not-for-profit school awarded 33 diplomas to qualified bachelors’s economics students in 2019-2020.
Washington College also took the #9 spot in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. It costs about $20,531 for maryland bachelor’s degree economics students whose families make $30-$48k per year to attend Washington College.
The student loan default rate at the school is 2.2%, which is quite low when compared to the national default rate of 10.1%. The impressive student-to-faculty ratio of 9 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
With a ranking of #9, Morgan State University did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $30-$48k list. Morgan State University is a medium-sized school located in Baltimore, Maryland that handed out 5 bachelors’s economics degrees in 2019-2020.
Morgan State not only placed well in this ranking. It is also #14 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. It costs about $14,776 for Maryland Bachelor’s Degree Economics students whose families make $30-$48k per year to attend Morgan State University.
Goucher College came in at #10 in this year’s edition of the Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $30-$48k ranking. This small school is located in Baltimore, Maryland, and it awarded 21 bachelors’s economics degrees in 2019-2020.
In addition to being on our maryland bachelor’s degree economics students whose families make $30-$48k list, Goucher has also earned the #8 rank in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. The estimated yearly cost for Goucher is $22,286 for maryland bachelor’s degree economics students whose families make $30-$48k.
The student loan default rate at the school is 4.5%, which is quite low when compared to the national default rate of 10.1%. Since the school has a student-to-faculty ratio of 9 to 1, those pursuing a degree will have more opportunities to interact with their professors.
With a ranking of #11, Hood College did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $30-$48k list. Frederick, Maryland is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 1 students in 2019-2020.
In addition to being on our maryland bachelor’s degree economics students whose families make $30-$48k list, Hood has also earned the #13 rank in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. The yearly cost to attend Hood is $15,268 for maryland bachelor’s degree economics students whose families make $30-$48k.
With a ranking of #12, Mount St Mary’s University did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $30-$48k list. Mount St Mary’s University is a small private not-for-profit school situated in Emmitsburg, Maryland. It awarded 3 bachelors’s economics degrees in 2019-2020.
In addition to being on our maryland bachelor’s degree economics students whose families make $30-$48k list, The Mount has also earned the #10 rank in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. The estimated yearly cost for Mount St Mary’s University is $28,160 for maryland bachelor’s degree economics students whose families make $30-$48k.
With a ranking of #13, McDaniel College did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $30-$48k list. Westminster, Maryland is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 4 students in 2019-2020.
McDaniel also made our “Best Economics Bachelor’s Degree Schools in Maryland” list, coming in at #11. The yearly cost to attend McDaniel College is $11,875 for maryland bachelor’s degree economics students whose families make $30-$48k.
The student loan default rate at the school is 5.0%, which is quite low when compared to the national default rate of 10.1%.
Loyola University Maryland did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $30-$48k ranking, coming in at #14. Loyola Maryland is a private not-for-profit institution located in Baltimore, Maryland. The school has a medium-sized population, and it awarded 11 bachelors’s degrees in 2019-2020.
Loyola Maryland also took the #3 spot in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. The estimated yearly cost for Loyola University Maryland is $31,027 for maryland bachelor’s degree economics students whose families make $30-$48k.
The school has an impressive student loan default rate. It’s only 2.3%, which is much lower than the national rate of 10.1%. The school has an excellent freshman retention rate of 87%, which means students like the school well enough to return for a second year.
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Notes and References
References
- The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of our data about colleges.
- Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
- Information about the national average student loan default rate is from the U.S. Department of Education and refers to data about the 2016 borrower cohort tracking period for which the cohort default rate (CDR) was 10.1%.
Read more about our data sources and methodologies
Footnotes
- *Average salary, average net price, and average tuition and fees are for the top schools only.
- Some schools otherwise deserving of recognition may have been removed from this ranking in the event that new data identified post-publication warranted it, or at the request of the school.
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